Question

Explain the various techniques of evaluating strategic alternatives

Answer 1

Strategic Management ProcessStrategic Evaluation is defined as the process of determining the effectiveness of a given strategy in achieving the organization alobjectives and taking corrective action wherever required. Strategy evaluation is the final step of strategy management process.The key strategy evaluation .

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Answer 2

Strategic management is the method of promoting an organization's purpose and aims and then drafting the steps and processes essential to reach the partnership goals. Techniques for assessing the effectiveness of a company's approach include assessing domestic and external organizations that influence strategy performance, including company performance and ascertaining appropriate corrective actions.

Internal Forces

Strategy evaluation should commence with an analysis of the internal capabilities that will impact your company's capacity to accompany the strategic plan. Your evaluation should examine the value of business support such as commercial assets, exclusive information and the people who are accessible to manage the company to reach its goals.

External Forces

The next method for strategy evaluation is to contemplate the external forces that will determine your company's capability to accomplish its mission. The elemental external force your corporation must face is, customers.

Measuring Performance

The Evaluation method will help you resolve if the strategy you have acquired is driving the company to reach its mission and purposes. Begin this evaluation procedure by assessing if the issues that have been accomplished through company transactions have been prosperous.